113 Plz Dr Taos, NM 87571
- Land
- 17,000 SF
Current Use by Public Records
- Land
Property Details for 113 Plz Dr
- Property size
- 17,000 SF
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional commercial investment opportunity is located at 113 S Plaza Drive, in the heart of Taos, New Mexico's historic plaza. The property, encompassing 17,000 square feet, consists of three buildings, two of which are two-story structures. These buildings are situated around a charming sculpture garden, creating a unique and attractive setting. The architectural style is a well-maintained and upgraded contemporary pueblo revival, reflecting the rich history and character of Taos. The property enjoys a prime location on the southeast corner of the Taos Plaza, a landmark shopping and tourism destination with high daily foot traffic. Its position within the historic and central business districts ensures excellent visibility and accessibility. Ample parking is available in and around the plaza. The property features a mixed-use configuration, with retail spaces at street level and office spaces on the upper floors. Currently, there are two vacant spaces available, one office and one retail/restaurant space, presenting an immediate opportunity for new tenants or expansion. The existing tenants are a mix of established, long-term businesses, including well-known art galleries, demonstrating the property's stability and appeal. The asking price for this remarkable property is $2,995,000. This is a rare chance to acquire a significant commercial asset in a highly desirable and vibrant location. The lease type is modified, and the tenancy is multi-tenant. The property is zoned for commercial use.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Taos
- County
- Taos
- State
- New Mexico
- Longitude
- -105.574
- Latitude
- 36.4071
